6 May, 2014 by The TZ Newswire Staff Comments Off on Floyd Mayweather brags: $70M for 36 minutes of work
Floyd Mayweather brags: $70M for 36 minutes of work
Floyd Mayweather took to Instagram to boast that he made $32 million for 36 minutes of work in his fight on Saturday night.
6 May, 2014 by The TZ Newswire Staff Comments Off on Earnings Watch: Updates, advisories and surprises
Earnings Watch: Updates, advisories and surprises
A roundup of the latest corporate earnings reports and what companies are saying about future quarters.
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6 May, 2014 by The TZ Newswire Staff Comments Off on Credit Suisse in talks to pay $1.6 billion to resolve U.S. tax probe
Credit Suisse in talks to pay $1.6 billion to resolve U.S. tax probe
Credit Suisse is in talks with the U.S. Justice Department to pay as much as $1.6 billion to resolve an investigation into the bank’s role in helping Americans evade U.S. taxes, a person familiar with the matter said.
6 May, 2014 by The TZ Newswire Staff Comments Off on Bayer to buy Merck consumer-health unit for $14.2 billion
Bayer to buy Merck consumer-health unit for $14.2 billion
Bayer AG (BAYN) agreed to acquire Merck & Co.’s consumer unit for $14.2 billion, solidifying its position near the top of the market for over-the-counter health products. The two companies also will collaborate on the development and marketing of a class of drugs that includes Bayer’s Adempas, which is approved to treat pulmonary arterial hypertension, Merck and Bayer said in a statement today. Merck will pay Bayer $1 billion for the collaboration, with additional payments possible if sales goals are met.
6 May, 2014 by The TZ Newswire Staff Comments Off on U.S. economy to see faster growth after winter freeze: OECD
U.S. economy to see faster growth after winter freeze: OECD
U.S. economic growth is set to rebound strongly in the second quarter as the scars of a brutally cold winter fade, but inflation pressures will remain tame through 2015, according to the Organization for Economic Cooperation and Development. In its latest economic outlook published on Tuesday, the OECD forecast U.S. gross domestic product expanding at a 3.9 percent annual pace this quarter, and it said it expects growth to maintain a brisk pace for the remainder of the year as well.
6 May, 2014 by The TZ Newswire Staff Comments Off on AstraZeneca, fighting off Pfizer, forecasts $45 billion sales by 2023
AstraZeneca, fighting off Pfizer, forecasts $45 billion sales by 2023
AstraZeneca Plc (AZN.L) laid out its defence against Pfizer Inc’s (PFE.N) $106 billion (62.4 billion pounds) takeover approach on Tuesday, painting a bullish picture of its new drug pipeline and forecasting sales above $45 billion by 2023. While AstraZeneca faces declining revenue over the next three years as older medicines lose patent protection, the company said it sees “strong and consistent” growth from 2017 to 2023, driven by new treatments for cancer, diabetes, heart disease and lung disorders.
6 May, 2014 by The TZ Newswire Staff Comments Off on Hedge fund moguls’ pay has the 1% looking up
Hedge fund moguls’ pay has the 1% looking up
The 25 highest-earning hedge fund managers in the United States took home a total of $21.15 billion in compensation in 2013, according to an annual ranking published on Tuesday by Institutional Investor’s …